What Does 'Double Eagle' Mean?


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Shezan Shaikh answered
Double Eagle is a Gold Coin which is used in the United States. The Double Eagle denotes $20. The first double eagle coin was minted in the year 1849; this release date coincided with the California Gold Rush. In that year only one piece had been produced which is now currently kept in the Smithsonian Institution located in Washington DC. In the year 1850 regular production of the Double Eagle coins began.

Before the release of these coins the eagle coins stood with a denomination of $10, they were the largest value of the coin in US. The production of the $10 eagle coin began in the year 1795; this was only two years after the US mint opened. $20 coins were twice the value of $10 hence they were named as Double Eagles.

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